Abstract: Taking Ashare listed companies of Shenzhen Stock Exchange from 2010 to 2020， this paper empirically analyzes the influence of controlling shareholders share pledge on accounting information transparency and the moderating role of corporate social responsibility between the two. The results indicate that compared with the companies without controlling shareholders share pledge， the accounting information transparency of the companies with controlling shareholders share pledge is lower. And the higher the share pledge ratio， the lower the transparency. At the same time， corporate social responsibility has a restraining effect on this， and the restraining effect is more significant in nonstateowned enterprises. The conclusions have enlightenment for improving the internal and external corporate governance and promoting the stable and healthy development of capital market.

Key words: controlling shareholder, share pledge, accounting information transparency, corporate social responsibility

摘要： 以2010—2020年深交所A股上市公司为研究样本，实证分析控股股东股权质押对会计信息透明度的影响，以及企业社会责任在两者间发挥的调节作用。研究发现，相对于控股股东未进行股权质押的公司，存在控股股东股权质押的公司会计信息透明度更低，且股权质押比率越高，透明度越低。同时，企业社会责任对此起到抑制作用，且该抑制作用在非国有企业中更显著。研究结论对于完善公司内外部治理、促进资本市场稳定健康发展具有启示意义。